Compensation Package
/ˌkɒmpənˈseɪʃən ˈpækɪdʒ/
Definitions
- (n.) A structured combination of salary, benefits, bonuses, and other employment-related rewards offered to an employee.
The executive's compensation package included stock options and a performance bonus.
Forms
- compensation package
- compensation packages
Related terms
See also
Commentary
Often negotiated as a whole, compensation packages reflect both monetary and non-monetary rewards and may be subject to legal regulations regarding fairness and disclosure.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.